Quarterly report pursuant to Section 13 or 15(d)

Warrants (Tables)

v3.22.2
Warrants (Tables)
6 Months Ended
Jun. 30, 2022
Warrants and Rights Note Disclosure [Abstract]  
Summary of Warrants Issued

In connection with certain past debt and equity financings, the Company issued the following warrants, all of which were exercisable upon issuance:

 

Date Issued

 

Number of Shares

 

 

Price per Share

 

 

Expiration Date

April 15, 2016

 

 

2,862

 

 

$

10.48

 

 

April 15, 2026

December 7, 2017

 

 

834

 

 

$

10.48

 

 

December 7, 2024

December 29, 2017

 

 

107,455

 

 

$

10.48

 

 

December 29, 2027

April 6, 2021

 

 

288,476

 

 

$

14.00

 

 

April 6, 2026

November 10, 2021

 

 

50,769

 

 

$

14.30

 

 

November 10, 2026

Schedule of Assumptions Used to Determine Fair Value of Warrant Liabilities As the warrants were still classified as liabilities as of June 30, 2021, they were remeasured as of that date using the following assumptions.

 

 

 

Six Months Ended June 30,

 

 

 

2021

Risk free interest rates

 

 

0.87% - 1.45%

Expected term (in years)

 

 

2.01 - 6.50

Dividend yield

 

 

Expected volatility

 

 

60%

Fair value of common stock

 

 

$16.88